Postmedia losing a third executive who received hefty retention bonus



A third senior executive at Postmedia Network Canada Corp., who is part of a group awarded hundreds of thousands of dollars each in retention bonuses late last year, is leaving the company.

Gordon Fisher, president of the National Post and the Pacific Newspaper Group, will retire at the end of April, the company confirmed on Friday.

In November, Postmedia reported that almost $2.3-million in retention bonuses would be paid to its five most senior employees: $900,000 to president and chief executive officer Paul Godfrey, $450,000 to then-chief financial officer Doug Lamb, $425,000 to chief operating officer Andrew MacLeod, $300,000 to then-executive vice-president and legal counsel Jeffrey Haar and $200,000 to Mr. Fisher.

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